Mirae Asset Vision Special Purpose Acquisition 6 Co (XKRX:478440) Cash And Cash Equivalents : ₩1,364.56 Mil (As of Sep. 2024)

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What is Mirae Asset Vision Special Purpose Acquisition 6 Co Cash And Cash Equivalents?

Mirae Asset Vision Special Purpose Acquisition 6 Co's quarterly cash and cash equivalents declined from Mar. 2024 (₩3,094.52 Mil) to Jun. 2024 (₩2,890.12 Mil) but then stayed the same from Jun. 2024 (₩2,890.12 Mil) to Sep. 2024 (₩1,364.56 Mil).

Mirae Asset Vision Special Purpose Acquisition 6 Co Cash And Cash Equivalents Historical Data

The historical data trend for Mirae Asset Vision Special Purpose Acquisition 6 Co's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mirae Asset Vision Special Purpose Acquisition 6 Co Cash And Cash Equivalents Chart

Mirae Asset Vision Special Purpose Acquisition 6 Co Annual Data

Trend

Cash And Cash Equivalents

Mirae Asset Vision Special Purpose Acquisition 6 Co Quarterly Data
	Mar24	Jun24	Sep24
Cash And Cash Equivalents	3,094.52	2,890.12	1,364.56

Mirae Asset Vision Special Purpose Acquisition 6 Co Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Mirae Asset Vision Special Purpose Acquisition 6 Co (XKRX:478440) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Mirae Asset Vision Special Purpose Acquisition 6 Co Cash And Cash Equivalents Related Terms

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Mirae Asset Vision Special Purpose Acquisition 6 Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mirae Asset Vision Special Purpose Acquisition 6 Co (XKRX:478440) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

26 Eulji-ro 5-gil, Jung-gu, Mirae Asset Center One East Building, Seoul, KOR

Website

Mirae Asset Vision Special Purpose Acquisition 6 Co is a Special Purpose Acquisition Company whose sole business purpose is to merge with another company after being listed on Kosdaq stock exchange.

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